Work out your tax for the 2025 financial year. Defaults to 2024-25, the year that ended on 30 June 2025 and the one most people mean by their 2025 tax return, with 2025-26 also available.
The same income, taxed under each year's rules.
| Year | Tax | Take-home | vs selected |
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The 2024-25 financial year, which ran from 1 July 2024 to 30 June 2025, was the first year of the restructured Stage 3 tax cuts. Every taxpayer earning above $18,200 paid less than they would have under the old rates.
The rate on income between $18,201 and $45,000 was cut by three percentage points.
And that bracket was widened, now running all the way to $135,000 instead of $120,000.
The 37% bracket now starts at $135,000, and the top 45% rate at $190,000 instead of $180,000.
Returns for 2024-25 were due by 31 October 2025, or later through a registered tax agent.
Resident individual rates. These figures exclude the 2% Medicare levy.
| Taxable income | Tax on this income |
|---|
It can mean either, which is why this calculator offers both. The 2024-25 year ended on 30 June 2025 and is the one most people mean when they say their 2025 tax return. The 2025-26 year ran through calendar 2025 and into 2026. The rates are the same for both years, but the Medicare levy low income thresholds differ, so pick the right one.
Nil up to $18,200, then 16% to $45,000, 30% to $135,000, 37% to $190,000, and 45% above that. The 2% Medicare levy applies on top for most residents.
Yes. If you have not lodged you should do so as soon as possible, as penalties can apply for late lodgement. If you have already lodged and want to change something, individuals generally have two years from the date on your notice of assessment to request an amendment.
Someone on $45,000 saved about $804, and on $90,000 about $1,929. From $135,000 to $180,000 the saving was $3,729, and it steps up once more to $4,529 for anyone earning $190,000 or more, where it caps. The second step comes from the top threshold moving from $180,000 to $190,000.
Estimate only. This calculator assumes an Australian resident individual for the full financial year. It does not include the Medicare levy surcharge, private health insurance rebate, SAPTO, capital gains, foreign income or business income.
It is general information, not tax advice. For advice on your circumstances, speak to a
registered tax agent.
Rates last verified: 9 September 2026.
